# Portfolio overlap — VTEC vs DFCA Comparing **VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF** (2026-02-28) and **Dimensional California Municipal Bond ETF** (2026-04-30). - Shared positions: 176 - VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF covered by Dimensional California Municipal Bond ETF: 0.07384405644777117434450446506 - Dimensional California Municipal Bond ETF covered by VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF: 0.07384405644777117434450446510 ## VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Southern California Public Power Authority, Series A | 0.005932 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.005505 | | | Bay Area Toll Authority, Series 2026A | 0.005146 | | | Irvine Ranch Water District, Series 2009 A, VRD RB | 0.003231 | | | LOS ANGELES UNIF SD-A | 0.003227 | | | LOS ANGELES UNIF SD-A | 0.003220 | | | Bay Area Toll Authority, Series 2023 A, VRD Ref. RB | 0.003088 | ✓ | | LOS ANGELES UNIF SD-A | 0.002989 | | | Los Angeles Department of Water & Power, Series 2025A | 0.002720 | | | STATE OF CALIFORNIA 4.0% 03-01-36 | 0.002497 | ✓ | | UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.00000000 | 0.002483 | | | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.002421 | | | UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.50000000 | 0.002383 | ✓ | | E CO AWP JT PWRS-A-1 | 0.002360 | | | STATE OF CALIFORNIA | 0.002358 | ✓ | | SAN FRANCISCO USD | 0.002302 | ✓ | | UNIV OF CALIFORNIA CA | 0.002238 | | | IRVINE CA IMPT BOND ACT 1915 | 0.002207 | | | State of California | 0.002121 | | | CALIFORNIA ST EDUCTNL | 0.001954 | | | BAY AREA TOLL AUTHORITY FRN 04-01-55 | 0.001950 | ✓ | | LOS ANGELES DEPT-C | 0.001930 | | | UNIV OF CALIFORNIA CA REVENUES | 0.001924 | | | LOS ANGELES UNIF SD-A | 0.001918 | | | State of California | 0.001913 | | | BAY AREA CA TOLL AUTH | 0.001888 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000 | 0.001879 | | | IRVINE WTR-RF-A1-VAR | 0.001748 | | | BAY AREA TOLL AUTHORI VAR | 0.001706 | | | University of California, Series 2024 BW, Ref. RB | 0.001701 | | | Toll Road Sr Lien Refunding RB Series 2021A | 0.001691 | | | UNIV OF CALIFORNIA CA REVENUES | 0.001673 | | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2017 B, RB | 0.001672 | | | Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C | 0.001662 | | | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.001629 | | | State of California 5.00% 03/01/2055 | 0.001623 | | | Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2024, GO Bonds | 0.001620 | | | STATE OF CALIFORNIA 5.0% 10-01-35 | 0.001618 | | | LOS ANGELES UNIF SD-A | 0.001609 | | | State of California | 0.001587 | | | STATE OF CALIFORNIA 5.0% 04-01-29 | 0.001586 | | | State of California, Series 2007 | 0.001569 | | | LOS ANGELES DEPT-B | 0.001530 | | | Los Angeles Unified School District, Series 2023QRR | 0.001520 | | | Santa Monica Community College District, Series 2018A | 0.001504 | | | State of California, Series 2025, GO Bonds | 0.001497 | | | UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.25000000 | 0.001486 | | | STATE OF CALIFORNIA | 0.001464 | ✓ | | UNIV OF CALIFORNIA CA REVENUES | 0.001462 | | | Sacramento Municipal Utility District, Series 2025F | 0.001427 | | ## Dimensional California Municipal Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | State of California, Series 2022 | 0.016341 | ✓ | | CITY OF BERKELEY CA | 0.011623 | | | SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT | 0.011068 | | | SAN DIEGO CNTY CA SDG 06/26 FIXED 5 | 0.010344 | | | LOS ANGELES UNIF SD-A | 0.009725 | ✓ | | STATE OF CALIFORNIA | 0.009554 | ✓ | | SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT | 0.009426 | ✓ | | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST | 0.008248 | ✓ | | Los Angeles Unified School District, Series 2024QRR | 0.007869 | ✓ | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.007546 | | | California Statewide Communities Development Authority | 0.007350 | | | Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2016 A, Ref. RB | 0.007232 | | | UNIV OF CA REGENTS -P | 0.007161 | | | State of California, Series 2025, GO Bonds | 0.006812 | ✓ | | Municipal Improvement Corp. of Los Angeles, Series 2016B | 0.006776 | ✓ | | SAN FRANCISCO-COPS-R1 | 0.006651 | ✓ | | Los Angeles Community College District, Series F | 0.006407 | ✓ | | CALIFORNIA ST-REF | 0.006362 | | | RIVERSIDE CNTY CA RIV 06/26 FIXED 5 | 0.006279 | | | State of California, Series 2024 | 0.006234 | ✓ | | STATE OF CALIFORNIA | 0.006206 | ✓ | | SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY | 0.006032 | ✓ | | FAIRFIELD SUISUN UNIFIED SCHOOL DISTRICT | 0.005989 | | | State of California 4.00% 09/01/2042 | 0.005954 | ✓ | | California Statewide Communities Development Authority | 0.005878 | | | State of California, Series 2025, GO Bonds | 0.005862 | ✓ | | SAN FRANCISCO-COPS-R1 | 0.005847 | ✓ | | COUNTY OF SAN DIEGO CA | 0.005639 | | | Los Angeles County, California, Tax and Revenue Anticipation Notes, Series 2025-26 | 0.005599 | ✓ | | LOS ANGELES DEPARTMENT OF WATER POWER | 0.005519 | | | STATE OF CALIFORNIA DEPARTMENT OF WATER RESOURCES | 0.005368 | ✓ | | TAMALPAIS UNION HIGH SCHOOL DISTRICT | 0.005318 | | | LONG BEACH UNIFIED SCHOOL DISTRICT | 0.005095 | | | SANTA MONICA MALIBU UNIFIED SCHOOL DISTRICT | 0.005053 | | | STATE OF CALIFORNIA | 0.005050 | ✓ | | SACRAMENTO TRANSP-REF | 0.005029 | | | SANTA CLARA UNIFIED SCHOOL DISTRICT | 0.005005 | | | CALIFORNINA EDL | 0.004978 | | | UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.00000000 | 0.004969 | ✓ | | San Francisco City & County Public Utilities Commission Wastewater Revenue | 0.004789 | | | SAN DIEGO UNIF SD-I-3 | 0.004693 | ✓ | | ANAHEIM HOUSING PUBLIC IMPROVEMENTS AUTHORITY | 0.004682 | | | STATE OF CALIFORNIA | 0.004647 | ✓ | | STATE OF CALIFORNIA | 0.004601 | ✓ | | UNIV OF CALIFORNIA-M | 0.004503 | ✓ | | UNIV OF CALIFORNIA CA RGTS MED UNVHGR 05/45 ADJUSTABLE VAR | 0.004498 | | | FOLSOM CORDOVA UNIFIED SCHOOL DISTRICT | 0.004469 | | | UNIV OF CALIFORNIA-BV | 0.004430 | ✓ | | VENTURA COUNTY COMMUNITY COLLEGE DISTRICT | 0.004416 | | | SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY | 0.004409 | ✓ | ## Sources - N-PORT (fund A) — accession `0000783401-26-000072` (as of 2026-02-28) - N-PORT (fund B) — accession `0001004726-26-005667` (as of 2026-04-30) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _